Electronic Design Automation Tools Market Size

Electronic Design Automation Market size was over USD 15.62 billion in 2023 and is anticipated to cross USD 53.29 billion by 2036, growing at more than 9.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electronic design automation is estimated at USD 16.86 billion.

Miniaturization, the aspiration to fit a supercomputer inside the palm of a human is revolutionizing the ICs and semiconductor chip designs. The need for EDA tools has grown over the years to deal with increasing complexity of IC designs, accuracy, precision and the effectiveness of semiconductor devices. With the increasing requirements for application-specific ICs which are capable of supporting cloud-based computing and AI,